Fairfax Financial (OTCMKTS:FRFHF) Shares Pass Below 50-Day Moving Average – Time to Sell?

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1,782.53 and traded as low as $1,689.01. Fairfax Financial shares last traded at $1,731.00, with a volume of 5,134 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on FRFHF shares. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th. National Bank Financial reaffirmed an “outperform” rating on shares of Fairfax Financial in a research report on Monday, October 27th. Finally, BMO Capital Markets downgraded Fairfax Financial from an “outperform” rating to a “hold” rating in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fairfax Financial has an average rating of “Moderate Buy”.

Fairfax Financial Trading Up 1.5%

The firm has a market capitalization of $37.87 billion, a price-to-earnings ratio of 8.37 and a beta of 0.60. The business’s 50-day moving average price is $1,782.53 and its 200 day moving average price is $1,731.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.